albania

Why are remittances still high in the Western Balkans?

Remittance flows for 2023 in Albania reached the amount of 929 million Euros, which have increased from last year by 95 million Euros more and are directed directly towards families for daily consumption, expenses for education, health, maintenance and travel....

Primary balance, credit rating agencies and long-term sustainability

According to the definition presented by the OECD[1] for the government's primary balance, the most appropriate explanation is that "The primary balance is the difference between the amount of revenue a government collects and the amount it spends...

Natural disasters and corruption also monitored by civil society

Corruption in cases of natural disasters[1] is a worrying problem that is being felt in the direction of burdening the state budget by a large burden and influencing in other directions, but with the partially transparent way and...

The VAT threshold, the reckless policy and the behavior of the administration affect the growth of small businesses

Value added tax (VAT) in Albania, according to tax statistics in 2023, includes 34,767 taxpayers within the scheme, of which 9,450 are taxpayers registered as small businesses. The number of taxpayers with VAT guaranteed the main large source of revenue of...

Inflation of energy products and food falling in the world and the region at the beginning of 2024

Energy inflation in the OECD has been negative since May 2023 and remained so in 23 OECD countries. However, Türkiye and Colombia experienced energy inflation more than 25% in January 2024. Food inflation in the OECD continued to slow, to...

What can be expected if the implementation protocol of the Agreement for the free labor market between Albania, Macedonia and Serbia will be implemented?

As it has already been presented by the Tripartite Agreement, but also by the political statements of the senior officials of three of the six countries of the Western Balkans, it seems that the political approach of the leading parties...

What is included/allowed in personal income and expenses for tax purposes?

In Albania, personal income is taxed on all income earned inside and outside the country by a resident individual and inside the country by a non-resident individual, except for the exceptions for each source of income. All the elements that...

How does air and environmental pollution cost citizens and the economy?

In the last analysis summarized in a publication entitled "Air Pollution: Added Economic Costs and Incentives for Comprehensive Policies" we are oriented to answer directly with facts and legal arguments to exactly this question. As presented also in an MCN...

The level of informality in the economy and employment in the Western Balkans

The estimated size of the informal sector in Albania is well above the EU average and at the upper end of the Western Balkan countries (WB6) in terms of employment, as seen in the table below. Western Balkans: Informality, 2019 (% of...

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